Practice Leader, Risk Appetite Framework

Desjardins Group; Montreal (administrative region); Hybrid; CAD 120,000 - 180,000; Full time

Benefits offered by this job

Hybrid work model

Competitive salary + annual bonus

Pension plan and group insurance

Job summary

Desjardins Group is seeking a Practice Leader to define and oversee the non-financial risk appetite framework, aligning it with the value chain, strategy, and regulatory requirements.

You will translate between technical and operational teams, provide strategic advisory to senior management, and lead cross-sector squads to ensure decisions reflect the appetite framework and business objectives.

Qualifications

• Bachelor’s degree in risk management, finance, actuarial science, statistics, economics or related field.
• Eight years’ experience at a financial institution.
• Experience developing or updating risk appetite frameworks.
• Experience in operational risk.
• Extensive strategic advisory experience with management/risk committees.
• Coordinating cross-sector teams in regulated environments.
• ERM or FRM certification.
• Knowledge of French required.
• Action oriented, strategic mindset and strong communication.

Responsibilities

• Act as an expert on complex issues requiring an overall reading of risk appetite for non-financial risks.
• Define, apply and update the non-financial risk appetite framework and indicators.
• Interface between technical/operational and modelling teams for alignment of tolerance and decisions.
• Establish and maintain a plan to monitor non-financial risk appetite compliance.
• Monitor, analyze and script activities to anticipate emerging non-financial risks.
• Develop, document and update policies, standards and operational practices.
• Coordinate recovery plan exercises, simulations, and stress scenarios with cross-sector squads.
• Represent management before internal committees and governing bodies.

Education

Bachelor's degree in risk management, finance, actuarial science, statistics, economics or related field

Tools

ERM FRM certification

Job description

As a practice leader for the non-financial risk appetite framework, you’re responsible for defining, overseeing and developing the risk appetite framework in line with the value chain, strategic directions and regulatory requirements.

You serve as a reference expert by structuring practices, applying risk tolerance parameters to operations and ensuring alignment between strategic decision-making and the technical and modelling teams.

You draw on your ability to provide sound judgment, cross-sector coordination and strategic positioning to senior management on files with a very high degree of operational and conceptual complexity.

More specifically, you will be required to:

• Act as an expert on complex issues requiring an overall reading of the appetite for non-financial risks and their strategic, operational and reputational impacts
• Define, apply and update the non-financial risk appetite framework, including guiding principles, thresholds, limits, indicators and monitoring mechanisms
• Interface and translate between technical and operational teams and modelling teams to ensure consistency between risk tolerance, modelling assumptions and business decisions
• Establish and maintain the plan to monitor compliance with the non-financial risk appetite, in line with business objectives and regulatory requirements
• Monitor, analyze and script activities to anticipate emerging non-financial risks and risk appetite framework development needs
• Develop, document and update policies, standards, guidelines and operational practices related to the non-financial risk appetite framework
• Act as a coordinator for non-financial risks for recovery plan exercises, simulation exercises, stress scenarios and any other forward-looking exercise carried out by integrated risk management, by: Ensuring alignment with the risk appetite framework Ensuring the consistency of assumptions and results Translating impacts on the risk profile and strategic decisions Lead cross-sector squads bringing together different areas of expertise to ensure alignment between the strategic vision, simulation exercises and operational reality
• Represent management before internal committees, including governing bodies made up of senior managers

What we offer

• Competitive salary and annual bonus
• 4 weeks of flexible vacation starting in the first year
• Defined benefit pension plan that provides predictable, stable income throughout retirement
• Group insurance including telemedicine
• Reimbursement of health and wellness expenses and telework equipment
• Benefits apply based on eligibility criteria.
• Hybrid

What you bring to the table

• Bachelor's degree in risk management, finance, actuarial science, statistics, economics or a related field
• A minimum of eight years of relevant experience at a financial institution
• Experience developing or updating risk appetite frameworks, including the design of indicators
• Experience in operational risk
• Extensive experience in strategic advisory roles with management, management committees or risk committees
• Experience in complex, highly regulated matrix environments requiring extensive cross-sector coordination between technical, analytical and decision-making teams
• Hold a complementary certification in Enterprise Risk Management (ERM or FRM)
• Knowledge of French is required
• Action oriented, Ambiguity, Communicates effectively, Customer Focus, Differences, Interpersonal Savvy, Nimble learning, Strategic mindset

Equity, Diversity, Inclusion and Accessibility

At Desjardins, we believe in equity, diversity and inclusion.

We’re committed to welcoming, respecting and valuing people for who they are as individuals, learning from their differences, embracing their uniqueness, and providing a positive workplace for all.

At Desjardins, we have zero tolerance for discrimination of any kind.

We believe our teams should reflect the diversity of the members, clients and communities we serve.

If there's something we can do to help make the recruitment process or the job you're applying for more accessible, let us know.

We can provide accommodations at any stage in the recruitment process.

Just ask!

Desjardins Group is the largest cooperative financial group in North America.

We're the choice for over 52,000 employees and we're named one of Canada's top employers by Mediacorp and Forbes.

We offer a full range of financial products and services and share our expertise in personal services, business services, wealth management, life and health insurance, and property and casualty insurance.

Pursuing a career at Desjardins means being part of an organization that puts people first.

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